23 Division St Chelsea, MA 02150
Bellingham Square NeighborhoodEstimated payment $8,419/month
About This Home
23-25 Division St is a five unit mixed-use building comprised of one commercial unit on the first floor leased to El Carriel Bar, and four 2-Bedroom/1-Bathroom units. The building’s utilities are separately metered for electricity, heat, and hot water which the tenants pay directly. The landlord is responsible for domestic water and sewer and the commercial unit reimburses 66.67% of this expense (from 9-11 Williams/23 Division only). The building has been well maintained during ownership. El Carriel has been at this location since 2018 and just exercised a 5-year renewal option, demonstrating their commitment to the site and the market. Their lease calls for attractive annual increases in rent, protecting against rising operating expenses and providing a hedge against inflation.
Listing Agent
Kelleher - Pentore Team
Horvath & Tremblay Listed on: 03/31/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,235
Year Built
- Built in 1900
Lot Details
- 2,178 Sq Ft Lot
- Corner Lot
Home Design
- 3,435 Sq Ft Home
- Rubber Roof
Bedrooms and Bathrooms
- 8 Bedrooms
Utilities
- Separate Meters
Community Details
Overview
- 5 Units
- Property has 1 Level
Building Details
- Operating Expense $48,357
- Net Operating Income $105,383
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | Price Changed | $1,295,000 | -2.3% | $377 / Sq Ft |
| 06/05/2025 06/05/25 | For Sale | $1,325,000 | 0.0% | $386 / Sq Ft |
| 05/31/2025 05/31/25 | Off Market | $1,325,000 | -- | -- |
| 03/31/2025 03/31/25 | For Sale | $1,325,000 | 0.0% | $386 / Sq Ft |
| 12/15/2020 12/15/20 | Rented | $1,350 | 0.0% | -- |
| 11/30/2020 11/30/20 | Under Contract | -- | -- | -- |
| 11/20/2020 11/20/20 | For Rent | $1,350 | +23.3% | -- |
| 08/01/2014 08/01/14 | Rented | $1,095 | -8.4% | -- |
| 07/02/2014 07/02/14 | Under Contract | -- | -- | -- |
| 05/13/2014 05/13/14 | For Rent | $1,195 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73352092
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